LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION May 4, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3002 by Simmons (Relating to requiring debt collectors to provide certain disclosures to consumers.), As Introduced No significant fiscal implication to the State is anticipated. Based upon analysis provided by the Office of the Attorney General, it is assumed that any costs associated with the bill could be absorbed using existing resources. The Office of the Consumer Credit Commissioner is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 302 Office of the Attorney General, 466 Office of Consumer Credit Commissioner LBB Staff: b > td > JMc, FV, BFa
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
May 4, 2025
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3002 by Simmons (Relating to requiring debt collectors to provide certain disclosures to consumers.), As Introduced
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3002 by Simmons (Relating to requiring debt collectors to provide certain disclosures to consumers.), As Introduced
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3002 by Simmons (Relating to requiring debt collectors to provide certain disclosures to consumers.), As Introduced
HB3002 by Simmons (Relating to requiring debt collectors to provide certain disclosures to consumers.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Based upon analysis provided by the Office of the Attorney General, it is assumed that any costs associated with the bill could be absorbed using existing resources. The Office of the Consumer Credit Commissioner is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
The Office of the Consumer Credit Commissioner is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 302 Office of the Attorney General, 466 Office of Consumer Credit Commissioner
302 Office of the Attorney General, 466 Office of Consumer Credit Commissioner
LBB Staff: b > td > JMc, FV, BFa
JMc, FV, BFa